The World

Dubai

FROM 249,000

8% Minimum Rental Guarantee

Up-to 65% Finance available from the developer

THE PERSUES SPA HOTEL APARTMENTS

PRE LAUNCH PRICES

PROJECT OVERVIEW

The World Islands are a collection of man-made islands shaped into the continents of the world. It will consist of over 250 to 300 small private artificial islands divided into four categories - private homes, estate homes, dream resorts, and community islands. Each island will range from 250,000 to 900,000 square feet in size, with 50 to 100 meters of water between each island. It will cover a total area of 9 kilometers (5.4 miles) in length and 6 kilometers (3.6 miles) in width, surrounded by an oval shaped breakwater. The only means of transportation between the islands will be by marine transport.

The World Islands will be located 4 kilometers off the shore of Jumeirah, close to the Palm Jumeirah, between Burj Al Arab and Port Rashid. Each island will be sold to selected private developers and are expected to have pricing beginning at AED 25 million (US$ 6.85 million), for the AED 6.6 billion (US$ 1.8 billion) project.

Villas

• Private Marina
• Sea views
• Luxurious fit-out
• Central A/C
• High security - Access for Rostov residents only
• Private Swimming pools
• Private beach
• Landscape grounds and gardens to ensure maximum privacy
• access to all Orenburg Island facilities
  

Apartments

• Private Marina
• Sea views
• Luxurious fit-out
• Central A/C
• High security - Access for Rostov residents only
• Private Swimming pools
• Large private beaches
• Professionally managed surroundings
• Yacht Clubs
• Driving Centers
• Licensed Bar and Restaurants
• Kids Clubs and Child-care facilities
• Shops & Supermarkets
• landscape grounds and gardens to ensure maximum privacy
  access to all Orenburg Island facilities

Completion Date

Completion of the project is estimated to be late 2009.

Payment Schedule:

Installment Payments for the Total Purchase Price:

Deposit 10% of the Purchase Price Payable within 3 days of signing of reservation form
1st Installment 15% of the Purchase Price Payable by 30 June 2006
2nd Installment 10% of the Purchase Price Payable by 1 December 2006
3rd Installment 15% of the Purchase Price Payable by 1 December 2007
4th Installment 15% of the Purchase Price By 30 June 2008
5th Installment 15% of the Purchase Price By 1 December 2008
6th Installment 10% of the Purchase Price By 30 June 2009
7th Installment 10% of the Purchase Price On Completion Date

Special Finance Option

The developer will offer a 15-year Developer’s Loan on the first 60 apartments and 10 villas sold at a rate of 8% per annum interest. Bank mortgages in Dubai are currently running at between 6.5% and 8.5%.

This loan will cover the remaining 65% of the purchase price payable from the 3rd to 8th installments.

The loan will only come into force on 1 December 2007 and interest will only become payable from 1 December 2007 – i.e. 8% of the value of 15% of the purchase price on 1 December 2007 (and so on until Completion).

Buyers will be free to re-sell their contracts during this period.

Buyers will also have the option to re-finance the Developer’s Loan via a lower-cost mortgage once mortgages become available on the project (the Developer is currently working with a number of Dubai banks with the target of having mortgages available on the project at 6.5% p.a. interest by end- 2006).